Mauritius 182-day Treasury bills yield falls to 3.07pc

PORT LOUIS: The weighted average yield on Mauritius' 182-day Treasury bills fell to 3.07 percent at auction on Friday from 3.2 percent at a previous sale in February, the central bank said.

The Bank of Mauritius received bids worth 2.7 billion Mauritius rupees ($90 million) for the 600 million rupees worth of bills it had offered, and it accepted bids for the whole offering.

The bank also said it would sell 1.4 billion rupees worth of a re-opened benchmark, three-year Treasury bond next week.

The bond has a coupon rate of 4.5 percent.